Dacha Capital inc.
TSX VENTURE : DAC

Dacha Capital inc.

September 15, 2009 16:01 ET

Dacha Capital Announces New Director, Chief Financial Officer, and Corporate Secretary

MONTREAL, QUEBEC--(Marketwire - Sept. 15, 2009) - DACHA CAPITAL INC. (TSX VENTURE:DAC) ("DAC" or the "Company") is pleased to announce that at its Annual and Special Meeting, the shareholders of the Company approved the reappointment of Messrs. Claude Blanchet, Stan Bharti, Jean-Guy Lambert and Scott Moore and the appointment of Mr. Rene Bharti to its Board of directors. In addition, Mr. Brad Boland has been appointed Chief Financial Officer and Ms. Brianna Davies has been appointed Corporate Secretary, replacing Mr. Vatche Tchakmakian in both positions.

Mr. Bharti is currently the Vice President, Corporate Development of Avion Gold Corporation, a TSX-V listed gold producer with properties in Mali, West Africa. Mr. Bharti has held roles in several public and private companies, including those in the resource, and other sectors. Mr. Bharti holds a Bachelor of Commerce (Honours) degree from Queen's University, Canada.

Mr. Boland is a seasoned financial professional, with a wide array of experience in the mining industry. Mr. Boland is currently the CFO of Crocodile Gold Inc., a private mining company with gold assets in Northern Australia and CFO of Aberdeen International Inc., a publicly-traded global resource investment and merchant banking company. Previously, Brad served as the CFO of Consolidated Thompson Iron Mines Limited, Vice President, Corporate Controller of Kinross Gold Corporation and Vice President, Finance of Goldcorp Inc. Brad holds an Honours Bachelor of Business Administration degree from Wilfred Laurier University.

Ms. Davies is a corporate lawyer who works as a legal consultant to several publicly traded and private companies in the mining industry. Brianna received a J.D. from the University of Toronto in 2005 and an Honours B.A in Economics from McMaster University in 2002.

The Board would like to thank Mr. Tchakmakian for his dedication to the Company over the years and wishes Vatche well in his future endeavours.

About Dacha

Dacha is a public company involved in the venture capital business. Its shares have been listed on the TSX Venture Exchange under the symbol "DAC" since October, 2002.

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect of the roles of Mr. Bharti, Mr. Boland and Ms. Davies and the anticipated impact of their appointments. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointments are based on previous professional accomplishments and competencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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